New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-28

Chicago Busnst:, and 9ui,c: report: for August :;
ea sS1
seem to be the criterion fer all companies. although
9'y mare Arc A ts seuor p some
Down to September 80 and october 81. which
pensss to. wei. understood t. need repetition are sIcsp
lions to the large gains in net earnings shown by all the
Philadelphia and Reading Company. sho9inga gain In
net earnings tor tho moth 81 49, for or go
eleven months ended October 81 gain OF $5,7oo2i6
100 per giving net for tho eleven months
Sl1l577l7, nearly per cent on the stock II the
month OF November proves only TO be equal to the
month of $50 and 1t will show gain equal to that for
Octobe. the net earnings for the companys fiscal year
aSsy ss:rs to the S soo.4sd S stat
the same quarter OF 1855 and !sSo, ana ana
quarters and likewise compared printed below For
tho last quarter there is gain on the quarter Of 1856 OF
S26s2 in net earnings. and on the quarter OF 1883 OF
$934.O00 In surplus over first charges the gain Is
S45i $50 and 1856 900 on tho quar-
ter Of 1888 For the nine months ended October 80 the
surplus is equal to per cent on the stock against -
per cent FOR the nine months OF 1886 and against less
than = por cent for the mine nonh.s Of 1888. Tor
thirty railroads have rep.rte their gross earnings LOT
Sa].s sas4s5!7 asaa., ss.Ssss r. ;Oi o. ni Gf
per cent seycny-sx railroads have reported for
tue second week Of November, asgregain. s5'39I6lt
S6s4.973 or IA 80 per cent. Yet we continually read
that botn business and railroad rates have gone 70 the
earn fer the railroad what enc used 10 de- The big
fo:s '''' ~ III NV '''''"' '''' WIN
At the Stock Exchange 1T week of dull markets.
The Thanksgiving holiday and the saturday half holiday
practically reduced the week to fur business days
The transactions in stocks aggregated only l2973lS
week There halt in tue upward specu
latiOn and considerable amounts, OF long
the expectation OF reaction In prices The bears" 10
matter what they say to the contrary. did test the
the intent of breaking It. Reaction was talked from the
beginning to the end of the week by both
,.PSin. p.%er Of non speculative buying wa,
sufficient to prevent any serious decline even aftsr
wr.ckmg once more. our analysis above OF the
bank movements OF last week shows that neither the s1-
thing except the demands of legitimate trade And II
the trade OF the country not using the vast volume
currency in general circulation prohtably, the
railroad earnings would not make such exhibits as we
have pointed out Active money IN the absence OF wild
speculsons, bcspeaks activity IN legitimate business,
Guiding that which does the transporting OF
''sdsus." but nevertheless when intcligently made
dsaI ab.nt tho present "reckisss Speculation at the
Stsck Exchange, and very large part OF sch matter
ie.snss. in Sulng ST. Paul at 80. Philaiep hia and
Reading at 81 and Richmond and Vest Point at ~.
Now, year age Just after the Lake shore COMPANY
earned months, the stock sold at 100 To-day with
are told that 95l2 reflects the improvement Reading,
year ago with the reorganization scheme IN doubt and
earnings promising sold equivalent 10 49, now with
the reorganization practically ACCOMPLISHED and with
earnings equal more than per cent ell the stocS our
pessim.iic friends afraid that some one will he
burnt about TO- because one year age they got badly
scsrched by being too previous in institutng theories
and speculation in place Of ssid facts that now eIs,
One ago Union Pacific was booked
for 75asO. when IT was about 81. by the same
operators. who that tho company shows that II Is
earning per cent look plly at the iBnscsnts who
buy - 5S Western Union one year ago was pay
ing no dividend and valued at rs Now. when the
whole condition ia changed fer the bstterdivdsnds have
been resumed and will he increased-the "Dulls OF q
year ago whs going to change the man
agencnt. think 1t strange that any one
cal buy the either FOR investment or FOR pecu
lation At 79l2 They. however discovered during the
week ths tbero was market At snail concessons
for whatever they disposed to sell We nj: ut 90
through early the whole list OF stocks with Just snch com
parssns Made above. But the situation has beeh
sufficiently Illustrated Tho rampant bulls of year ago
are the greatest bears according 10 the degree
Of tho hvrt sustained in the December pasic Whlen
was precipitatsd or the then wild speculation IN ead
ing and Richmond and West Point stocks
81 usual table OF the highest lowest ana
final prices and number " shares sold OF sixty tnrec
active representative stocks together win the nna
prccs OF week ago prsXed by the prices OF November
-, 1856: